It is well known that India’s domestic infrastructure is not up to the global standards. It is also a common knowledge that low quality infrastructure raises business costs and reduces global competitiveness.

Economic corridors have hardly been as controversial as China’s Belt and Road initiative (BRI). It could have avoided controversies if it had proceeded in a consultative fashion like multi-country cross-border corridors.

The circumstances in Asia are poised to experience a new competition between China and Japan, or more specifically, Xi and Abe. Both would employ economics and enhanced supply of public goods as the main planks of their efforts to engage and expand.

The Trade Policy Agenda emphasises that a major thrust of future US trade policy would be: ‘Resisting efforts by other countries – or Members of international bodies like the World Trade Organization (WTO) – to advance interpretations that would weaken the rights and benefits of, or increase the obligations under, the various trade agreements to which the United States is a party.

Indian stock markets started higher on Thursday with BSE Sensex rising more than 100 points as blue-chip shares of India's second-largest IT company Infosys and country's largest housing financier HDFC contributed considerably to the upsurge.

The country's GDP growth will accelerate to 7.5 per cent this financial year, from 6.6 per cent in the last fiscal, on better performance from the industrial and agricultural sectors, a report said today.

Cab-hailing firm Uber will re-invest profits in its products and technology, emerging markets like India and to scale up its Uber Eats and JUMP businesses globally, its chief executive Dara Khosrowshahi said.